Another geolocation-related enforcement action: Tango Card’s $116,048.60 settlement with OFAC
End of Quarter Clearance at OFAC: an enforcement action, a related guidance document… oh, and yes, Libyan sanctions regs
Sanctions Compliance Guidance for Instant Payment Systems; Settlement Agreement between OFAC and Tango Card, Inc.; Issuance of Libyan Sanctions Regulations Release date 09/30/2022 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing “Sanctions Compliance Guidance for Instant Payment Systems” which emphasizes the importance of […]
OFSI Enforcement Action: Hong Kong International Wine and Spirits Competition Ltd pays £30,000 for Ukraine sanctions violations
Link: OFSI Enforcement Action
Enforcement doubleheader – two units of Credit Agricole pay up for violating multiple sanctions programs
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and CA Indosuez Switzerland S.A., and CFM Indosuez Wealth 09/26/2022 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with CA Indosuez Switzerland S.A. (“CAIS”), an indirect subsidiary of […]
Three recent RBI KYC Enforcement Actions
Links: Enforcement Actions – Balitikuri Cooperative Bank, Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Nagrik Sahakari Bank Maryadit
HKMA Enforcement Action: Cathay United Bank Company to pay HKD 11MM penalty
23 Sep 2022 The Monetary Authority takes disciplinary action against Cathay United Bank Company, Limited, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance The Hong Kong Monetary Authority (HKMA) announced today (23 September) that it had completed an investigation and the disciplinary proceedings for Cathay […]
Brazilian airline to pay over $41 million to resolve FCPA books and records violation
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, September 15, 2022 GOL Linhas Aéreas Inteligentes S.A. Will Pay Over $41 Million in Resolution of Foreign Bribery Investigations in the United States and Brazil GOL Linhas Aéreas Inteligentes S.A. (GOL), an airline headquartered in São Paulo, Brazil, will […]
Central Bank of Ireland Enforcement Action: Danske Bank fined 1,820,000 EUR for AML failures
Link: Enforcement Action
Luxembourg CSSF Enforcement Action: PFS Maitland Luxembourg S.A. fined 266,000 EUR
Link: CSSF Notice (English)
SARB Enforcement Action: Nedbank gets 35 million ZAR fine
Links: Enforcement Notice
Mr. Watchlist 